Andersen to Cease Auditing Publicly-Held Companies
The SEC has agreed  to allow Andersen to continue to make required filings on behalf of its clients until August 31 in order to assure a smooth transition as those clients move to other accounting firms.
It is expected that state accountancy boards across the country will soon begin rescinding Andersen's license to practice in their states.
The remaining Big Four accounting firms had made contingency plans  in case the Andersen jury returned a guilty verdict, including planning for the potential mass increase of Andersen partners and personnel in the job market. Andersen has already had discussions with its rival firms and has begun making arrangements to begin the transition of clients.